Silicon Valley veterans share a tacit understanding that what a startup needs isn't one CEO, but three—each at successive stages of the startup's development. Given my deep regard for man's best friend, I tend to think of each in terms of best of breed. The first CEO is “the Retriever.” From the muck she must assemble the core team, the product or service, and the market direction—all around a coherent vision. She must also raise the money and secure crucial early customers and partners. She is prized for her tenacity and inventiveness. The second CEO is “the Bloodhound.” He must sniff out a
  
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